1. Aunt Jemima owns 600 shares in Oohay Corporation common stock. Oohay has just declared a stock dividend. If Aunt Jemima ends up with 750 shares afterwards, what percentage stock dividend was declared?
2. Shavadai Bros. has sales of $128,000, costs of $101,000, depreciation expense of $6,000, dividend expense of $2,100, and interest paid of $6,700. The tax rate is 37.4 percent. How much net income did Shavadai Bros. earn for the period?
3. In terms of changes in the number of shares outstanding, a 20% stock dividend is equivalent to a ____________ stock split.
a. six for five
b. six for four
c. five for three
d. five for four
e. seven for six